The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Two men charged in death of Markham real estate agent as search continues for murder suspect - CP24 + MORE Dec 17th
Two men charged in death of Markham real estate agent as search continues for murder suspect CP24View Full Coverage on Google News.... More »
Asian stocks extend rally as Singapore policy move hits currency + MORE Apr 14th
The global stock rally intensified in Asia as Singapore unexpectedly eased monetary policy, helping stoke confidence in the ability of central banks to manage a global slowdown and damping demand for haven assets
.... More »
The right way to sell stocks during COVID-19 + MORE Sep 18th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
Hassle-free investing is here with ModernAdvisor + MORE Jun 8th
Learn, save, invest and prosper with My Own Advisor.
Over the years, I’ve learned to appreciate the beauty of simplicity. This principle can apply to every facet of your life, including personal finance and investing. Keeping it simple when it comes to investing can include making savings for .... More »
Hydrogenics reports 1st-quarter loss but tops expectations + MORE May 11th
MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Hydrogenics Corp. (HYGS) on Wednesday reported a loss of $2.4 million in its first quarter.
On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 19 cents.
The results surpassed Wall Street expectations. The average e.... More »
Canadian dollar, North American stock indexes down; oil, gold dip
– canadianbusiness.com
TORONTO – The Canadian dollar and North American stock markets are having a negative morning ahead of the holiday weekend.
The loonie was down 0.37 of a U.S. cent at 75.31 cents U.S., after falling more than a cent on Wednesday.
The Toronto Stock Exchange’s S&P/TSX index was down about half a per cent, dropping 63.69 points to 13,315.79.
The Dow Jones industrial average was down 44.96 points at 17,457.63, the broader S&P 500 composite index fell 6.99 points to 2,029.72 and the Nasdaq composite lost 0.94 of a point to 4,767.92.
The May crude contract lost 94 cents at US$38.85 per barrel and April natural gas was up three cents at US$1.90 per mmBtu.
The April gold contract fell $2.40 to US$1,221.60 an ounce and May copper contracts fell a cent to US$2.23 a pound.
The post Canadian dollar, North American stock indexes down; oil, gold dip appeared first on Canadian Business – Your Source For Business News.
The loonie was down 0.37 of a U.S. cent at 75.31 cents U.S., after falling more than a cent on Wednesday.
The Toronto Stock Exchange’s S&P/TSX index was down about half a per cent, dropping 63.69 points to 13,315.79.
The Dow Jones industrial average was down 44.96 points at 17,457.63, the broader S&P 500 composite index fell 6.99 points to 2,029.72 and the Nasdaq composite lost 0.94 of a point to 4,767.92.
The May crude contract lost 94 cents at US$38.85 per barrel and April natural gas was up three cents at US$1.90 per mmBtu.
The April gold contract fell $2.40 to US$1,221.60 an ounce and May copper contracts fell a cent to US$2.23 a pound.
The post Canadian dollar, North American stock indexes down; oil, gold dip appeared first on Canadian Business – Your Source For Business News.
How Budget 2016 affects real estate
– moneysense.ca
In the weeks and days leading up to Budget 2016, tax experts anticipated some big announcements regarding the Canadian real estate market. Why not? The Liberals campaigned on a promise to loosen the requirements of the Home Buyers’ Plan (HBP) and, more recently, vowed to do something about housing affordability.Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet.
And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to housing.
Half a million spent on foreign buyer data
Perhaps the most blatant measure introduced in Budget 2016 to directly reference Canada’s housing market is the government’s pledge of $500,000 to Statistics Canada to “develop methods for gathering data on purchases of Canadian housing by foreign homebuyers.”
Those in the nation’s real estate market may have been hoping for more a bit more, but this announcement is an important and necessary first step…
Iranian UN mission consultant charged with evading sanctions
– canadianbusiness.com
NEW YORK, N.Y. – A consultant to Iran’s United Nations mission accused of circumventing U.S. sanctions against Iran has been arrested on tax and money laundering charges.
The indictment against Ahmad Sheikhzadeh, of New York City, was unsealed Wednesday. He was released from Brooklyn federal court on $3 million bail and ordered to be placed under electronic monitoring.
The indictment said Sheikhzadeh, 60, helped two co-conspirators in the United States violate sanctions against Iran by pursuing investments in the Middle East country.
It said he failed to obtain permission from the U.S. Treasury Department to authorize his interactions with Iran, thus violating the International Emergency Economic Powers Act that was enacted to limit interactions between the countries.
According to the indictment, he violated the act from October 2007 through May 2013 when he engaged in financial transactions.
Sheikhzadeh’s attorney, Steve Zissou, said his client is a “patriotic American…
The indictment against Ahmad Sheikhzadeh, of New York City, was unsealed Wednesday. He was released from Brooklyn federal court on $3 million bail and ordered to be placed under electronic monitoring.
The indictment said Sheikhzadeh, 60, helped two co-conspirators in the United States violate sanctions against Iran by pursuing investments in the Middle East country.
It said he failed to obtain permission from the U.S. Treasury Department to authorize his interactions with Iran, thus violating the International Emergency Economic Powers Act that was enacted to limit interactions between the countries.
According to the indictment, he violated the act from October 2007 through May 2013 when he engaged in financial transactions.
Sheikhzadeh’s attorney, Steve Zissou, said his client is a “patriotic American…
At midday: TSX hits two-week low as financial, energy stocks drop – The Globe and Mail
– news.google.ca
The Globe and MailAt midday: TSX hits two-week low as financial, energy stocks dropThe Globe and MailCanada's main stock index fell to a two-week low on Thursday, with financial-sector and energy stocks declining as a drop in oil prices weighed on the resource-linked index. The most influential movers on the index were bank stocks, including Royal …TSX, Canadian dollar fall as oil loses groundCBC.caWhy your returns are a lieMoneySenseStockhouse @ the Bell: Stock markets slide into red, loonie loses more than a penny as commodities dipStockhouseNasdaq -Western Producer (subscription) -Reuters -News Ghanaall 20 news articles »
Tax credit restored for labour-sponsored funds, but experts urge caution
– canadianbusiness.com
OTTAWA – The federal government is restoring the tax credit for labour-sponsored investment funds, but investment experts urge caution for investors who may be considering them.
They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.
Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.
“Would I recommend these as investments: No,” he said.
Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.
Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment…
They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.
Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.
“Would I recommend these as investments: No,” he said.
Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.
Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment…
